KRG receives payment under interim oil deal
<p>The Kurdistan Regional Government (KRG) has received most of an oil payment promised by Baghdad, the latest sign of progress for a temporary oil deal that may improve the prospects for negotiations over Iraq’s 2015 federal budget and oil disputes.</p>
Iraqi Oil Minister Adil Abdulmahdi (left), KRG Prime Minister Nechirvan Barzani (center), and KRG Deputy Prime Minister Qubad Talabani (right), in Erbil on Nov. 13, reach a deal on restarting revenue sharing payments and exports. (Source: Kurdistan Regional Government)
ERBIL - The Kurdistan Regional Government (KRG) has received most of an oil payment promised by Baghdad, the latest sign of progress for a temporary oil deal that may improve the prospects for negotiations over Iraq’s 2015 federal budget and oil disputes.
“An installment from the $500 million that is released by the Iraqi Federal Government to KRG has arrived yesterday and the rest will be delivered today,” said Safeen Dizayee, the KRG’s spokesman, in a Tuesday interview.
Login to your account
Subscribe for news access
Annual News subscribers receive access to the full archive of Iraq Oil Report articles.
